Market Research Report
US DoD Training and Simulation Market, Forecast to 2021
|Published by||Frost & Sullivan||Product code||509454|
|Published||Content info||155 Pages
Delivery time: 1-2 business days
|US DoD Training and Simulation Market, Forecast to 2021|
|Published: May 12, 2017||Content info: 155 Pages||
Advanced Technologies Will Produce Cost and Time Efficiencies by Providing High-Quality Training When and Where Needed
The US armed services are beginning to see the benefits of mixed reality training; however, more funding needs to be dedicated to researching and developing the optimal mix of virtual and live training to maximize cost efficiencies. Demand for increasingly complex and realistic virtual environments, immersive virtual training, and distributed learning programs to provide required training in the right place and at the right time continues to drive innovation. US defense contractors must strive to innovate through research investments or synergistic partnerships, especially with commercial companies that specialize in software development, to maintain an edge on competitors. As technology advances, especially in the area of virtual training, competition will continue to increase. This study provides a wealth of information about current and future trends that will shape tomorrow's military training processes and programs.
The total Department of Defense (DoD) training and simulation market size, based on the 2017 President's budget (PB), is provided for the fiscal year 2016. In addition, estimates for the addressable portion of the DoD training and simulation through 2021 are calculated and presented due to the fact that a large portion of funding pays for training personnel and infrastructure. Estimates and competitive landscape information includes:
This study also contains an evaluation of significant growth opportunities within the DoD training and simulation market based on trends and supported by a collection of market insights. Strategic imperatives, for executives to consider when deciding whether to act on the listed growth opportunities, are highlighted as well.